First Bank (FRBA) Initiates $0.02 Quarterly Dividend; 0.8% Yield

November 16, 2016 4:31 PM EST

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First Bank (NASDAQ: FRBA) declared a quarterly dividend of $0.02 per share, or $0.08 annualized.

The dividend will be payable on February 28, 2017, to stockholders of record on February 10, 2017, with an ex-dividend date of February 8, 2017.

The annual yield on the dividend is 0.8 percent.

"We are extremely pleased to be able to initiate a cash dividend for our common shareholders," said Patrick L. Ryan, President and Chief Executive Officer. "We believe this dividend provides our shareholders an added tangible benefit, and feel it is appropriate given our current financial performance momentum. This and future cash dividends demonstrate the confidence we have in our strategy to continue to grow the Bank and its earnings."

For a dividend history and other dividend-related data on First Bank (FRBA) click here.

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